DEVAPHAR
Judicial reorganisationSummary
The file of DEVAPHAR contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €654,190 and a net result of €49,077. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 26064 sector peers (fiscal year 2024).
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€49,077▼ 27.7%
2023 · €67,885
Working capital
€464,186▲ 48.3%
2023 · €313,099
Trend over the years
2020 to 2024, 5 fiscal years 2018 to 2024, 7 fiscal years
The operating result has fallen two years in a row; 2024 is 42% below 2023 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result€0.08m
2024
Net result€0.05m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.6m
2024
Equity€0.7m
2024
Debt€1.0m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)3.0%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency40.2%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.48
2024
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€0.05m-€0.04m▼ 21.0%€0.1m▲ 215%€0.1m▲ 17.5%€0.2m▲ 58.9%€0.1m▼ 41.2%€0.08m▼ 42.4%
Net result€0.03m-€0.02m▼ 33.8%€0.09mabove the sector's middle half▲ 304%€0.09mwithin the sector's middle half▲ 7.5%€0.2mabove the sector's middle half▲ 73.8%€0.07mabove the sector's middle half▼ 57.3%€0.05mabove the sector's middle half▼ 27.7%
Equity€0.2m-€0.2m▲ 11.6%€0.3mabove the sector's middle half▲ 42.1%€0.4mwithin the sector's middle half▲ 31.8%€0.5mabove the sector's middle half▲ 42.0%€0.6mabove the sector's middle half▲ 12.6%€0.7mabove the sector's middle half▲ 8.1%
Total assets€0.3m-€0.4m▲ 33.4%€0.7mabove the sector's middle half▲ 53.6%€0.7mwithin the sector's middle half▲ 10.8%€1.1mabove the sector's middle half▲ 56.6%€1.8mabove the sector's middle half▲ 56.6%€1.6mabove the sector's middle half▼ 8.0%
Debt€0.1m-€0.2m▲ 62.1%€0.4m▲ 64.2%€0.3m▼ 5.8%€0.6m▲ 72.7%€1.2m▲ 96.4%€1.0m▼ 16.4%
Working capital€0.2m-€0.2m▲ 10.9%€0.2mabove the sector's middle half▲ 19.9%€0.3mwithin the sector's middle half▲ 22.5%€0.4mabove the sector's middle half▲ 42.6%€0.3mabove the sector's middle half▼ 19.7%€0.5mabove the sector's middle half▲ 48.3%
Solvency57.0%-47.7%▼ 9.3pp44.1%within the sector's middle half▼ 3.6pp52.5%within the sector's middle half▲ 8.4pp47.6%within the sector's middle half▼ 4.9pp34.2%within the sector's middle half▼ 13.4pp40.2%within the sector's middle half▲ 6.0pp
Current ratio3.49-2.10▼ 1.391.69within the sector's middle half▼ 0.421.85within the sector's middle half▲ 0.161.67within the sector's middle half▼ 0.181.27within the sector's middle half▼ 0.401.48within the sector's middle half▲ 0.21
Return on assets (ROA)10.0%-5.0%▼ 5.0pp13.1%within the sector's middle half▲ 8.1pp12.7%above the sector's middle half▼ 0.4pp14.1%above the sector's middle half▲ 1.4pp3.8%within the sector's middle half▼ 10.2pp3.0%within the sector's middle half▼ 0.8pp
Staff (FTE)2.3
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€190,004 ▼ 34.9%
Current assets
€1.4m ▼ 2.7%
Equity and liabilities €1.6m
Equity
€654,190 ▲ 8.1%
Debt
€972,263 ▼ 16.4%
Debt's share of the balance-sheet total falls from 65.8% to 59.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€106,665▼
2023 · €161,279
Cash flow
€75,720▼
2023 · €90,170
Quick ratio
1.29▲
2023 · 1.10
Debt to equity
1.49▼
2023 · 1.92
ROE
7.5%▼
2023 · 11.2%
Interest coverage
3.45▼
2023 · 6.79
Debt ≤ 1 year
€972,263▼
2023 · €1.2m
Staff costs
€123,419▲
2023 · €122,197
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €3,430 | - |
| Remuneration, social security and pensions62 | - | - | - | €38,261 | €71,774 | €122,197 | €123,419 | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,111 | €19,223 | €18,458 | €29,900 | €34,042 | €22,285 | €26,643 | ▲ 19.6% |
| Other operating charges640/8 | - | - | - | €940 | €42,704 | €32,243 | €15,904 | ▼ 50.7% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €16,272 | - |
| Gross operating margin9900 | €73,756 | €64,355 | €175,837 | €217,699 | €384,708 | €315,719 | €262,261 | ▼ 16.9% |
| Operating profit (loss)9901 | €50,763 | €40,096 | €126,421 | €148,599 | €236,187 | €138,994 | €80,022 | ▼ 42.4% |
| Financial income75/76B | - | - | - | - | €24,109 | €3,760 | €12 | ▼ 99.7% |
| Recurring financial income75 | €775 | €297 | - | - | €24,109 | €3,760 | €12 | ▼ 99.7% |
| Financial charges65/66B | - | - | - | €13,233 | €19,544 | €23,743 | €30,957 | ▲ 30.4% |
| Recurring financial charges65 | €4,615 | €5,357 | €7,361 | €13,233 | €19,544 | €23,743 | €30,957 | ▲ 30.4% |
| Profit (loss) for the period before taxes9903 | €46,923 | €35,037 | €119,060 | €135,366 | €240,752 | €119,011 | €49,077 | ▼ 58.8% |
| Income taxes67/77 | €15,149 | €14,008 | €34,057 | €43,995 | €81,913 | €51,125 | - | - |
| Profit (loss) for the period9904 | €31,774 | €21,029 | €85,003 | €91,371 | €158,839 | €67,885 | €49,077 | ▼ 27.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €91,371 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €31,774 | €21,029 | €85,003 | - | €158,839 | €67,885 | €49,077 | ▼ 27.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.3m | €0.4m | €0.7m | €0.7m | €1.1m | €1.8m | €1.6m | ▼ 8.0% |
| Fixed assets21/28 | €0.08m | €0.07m | €0.1m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 34.9% |
| Intangible fixed assets21 | - | - | - | - | - | €0.005m | €0.003m | ▼ 36.3% |
| Tangible fixed assets22/27 | €0.08m | €0.07m | €0.1m | €0.1m | €0.2m | €0.3m | €0.2m | ▼ 35.1% |
| Land and buildings22 | - | - | - | €0.003m | €0.001m | €0.001m | - | - |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 6.9% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.05m | €0.2m | €0.06m | ▼ 61.7% |
| Other tangible fixed assets26 | - | - | - | - | - | - | €0.01m | - |
| Financial fixed assets28 | €0 | €0.001m | €0.002m | €0.002m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.2m | €0.4m | €0.5m | €0.6m | €1.0m | €1.5m | €1.4m | ▼ 2.7% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | €0.2m | - |
| Other amounts receivable291 | - | - | - | - | - | - | €0.2m | - |
| Stocks and contracts in progress3 | €0.1m | €0.1m | €0.04m | €0.04m | €0.04m | €0.2m | €0.2m | ▼ 6.4% |
| Stocks30/36 | - | - | - | €0.04m | €0.04m | €0.2m | €0.2m | ▼ 6.4% |
| Amounts receivable within one year40/41 | €0.07m | €0.2m | €0.4m | €0.5m | €0.8m | €1.1m | €1.0m | ▼ 10.0% |
| Trade receivables40 | - | - | - | - | €0.04m | €0.09m | €0.3m | ▲ 243% |
| Other amounts receivable41 | - | - | - | €0.5m | €0.8m | €1.1m | €0.7m | ▼ 32.3% |
| Current investments50/53 | - | - | €0.002m | €0.03m | €0.08m | €0.03m | €0.01m | ▼ 54.4% |
| Cash at bank and in hand54/58 | €0.07m | €0.03m | €0.1m | €0.05m | €0.04m | €0.006m | €0.006m | ▲ 12.5% |
| Deferred charges and accrued income490/1 | - | - | - | €385 | €0.001m | €0.1m | €0.003m | ▼ 97.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.3m | €0.4m | €0.7m | €0.7m | €1.1m | €1.8m | €1.6m | ▼ 8.0% |
| Equity10/15 | €0.2m | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 8.1% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | - | €0.4m | - | - | - | - |
| Distributable reserves133 | - | - | - | - | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | - | - | - | - | €0.2m | €0.2m | €0.3m | ▲ 21.6% |
| Amounts payable17/49 | €0.1m | €0.2m | €0.4m | €0.3m | €0.6m | €1.2m | €1.0m | ▼ 16.4% |
| Amounts payable after more than one year17 | €0.07m | €0.05m | €0.04m | €0.02m | €0.006m | €0 | - | - |
| Financial debts170/4 | - | - | - | €0.02m | €0.006m | €0 | - | - |
| Amounts payable within one year42/48 | €0.07m | €0.2m | €0.3m | €0.3m | €0.6m | €1.2m | €1.0m | ▼ 16.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.02m | €0.008m | €0.009m | - | - |
| Financial debts43 | - | - | - | - | €0.06m | €0.08m | €0.08m | ▼ 5.6% |
| Credit institutions430/8 | - | - | - | - | €0.06m | €0.08m | €0.08m | ▼ 5.6% |
| Trade debts44 | €0.05m | €0.09m | €0.2m | €0.2m | €0.3m | €0.9m | €0.7m | ▼ 15.9% |
| Suppliers440/4 | - | - | - | €0.2m | €0.3m | €0.9m | €0.7m | ▼ 15.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.2m | €0.1m | €0.1m | ▼ 25.6% |
| Taxes450/3 | - | - | - | €0.08m | €0.2m | €0.1m | €0.08m | ▼ 40.6% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.009m | €0.03m | ▲ 188% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.03m | €0.05m | €0.05m | ▲ 0.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,774 | €21,029 | €85,003 | €91,371 | €158,839 | €67,885 | €49,077 | ▼ 27.7% |
| + Depreciation and write-downs630 | €20,111 | €19,223 | €18,458 | €29,900 | €34,042 | €22,285 | €26,643 | ▲ 19.6% |
| Operating cash flow (approximation) | €51,885 | €40,252 | €103,462 | €121,271 | €192,882 | €90,170 | €75,720 | ▼ 16.0% |
| Investment in fixed assets (approximation) | - | -€5,737 | -€52,141 | -€52,762 | -€62,223 | -€160,443 | €75,367 | ▲ 147% |
| Change in cash | - | -€35,647 | €108,118 | -€88,724 | -€10,567 | -€36,436 | €699 | ▲ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 5,224 companies in this sector we hold annual accounts for 3,886. 3,257 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector